Nu Mexico named Estephany Paulette Ley its next chief executive, with the change expected in early November; current CEO Armando Herrera will become her senior adviser through January 2027, according to Bloomberg and El Financiero. Ley most recently led retail banking at BanCoppel, and Bloomberg describes the appointment as part of a broader leadership reshuffle at Brazil-based Nu Holdings.
A handoff after the bank conversion
The transition follows a period in which Nu Mexico moved from a digital-finance business toward a fuller banking operation. Expansión reports that the company began operating as a multiple banking institution in August 2026 and serves 16 million customers in Mexico. That change provides useful context for the timing, but the company has not framed Ley’s appointment as a regulatory appointment: she is taking a corporate leadership role at a private financial-services group.
Herrera had led Nu Mexico since September 2025. El Financiero reports that he will move into a senior-adviser role and support Ley until January. Livia Chanes, Nubank’s CEO for Latin America, said Herrera’s original mandate included completing Nu’s transition into a bank, supporting profitability and maintaining growth. After those objectives were achieved, she said, “it was the right time to begin a new chapter.” The company also named Rodrigo Kuri chairman of Nu Mexico’s board.
Ley’s prior position put her close to the work Nu is now scaling. At BanCoppel, she led retail banking, with responsibility spanning consumer financial services and digital channels, according to Expansión. The appointment therefore brings a leader with experience in an established Mexican bank into a digital-finance company that has recently expanded its licensed banking operations.
The sequence is clear even without a longer overlap: Ley is due to take over in November, Herrera remains available through the end of the year, and his advisory support continues into January. Nu’s announcement did not identify a separate reason for Herrera’s departure from the CEO role beyond the completion of the objectives described by Chanes.
There is also an internal connection to Nu’s earlier leadership changes. The company’s move follows its appointment of Martín Masola as CFO, another senior hire as the Mexico business broadened its banking capabilities.